1441 NW 4th St

18,862 Sq. Ft.
$307 / Sq. Ft.
18,862
Sq. Ft.
$307
per Sq. Ft.

Description

Red Cedar Apartments -- offered at a 5.5% cap rate -- is a newly built, FULLY LEASED, 20-door multifamily asset in North Redmond designed for low-maintenance, ''set-it-and-forget-it'' ownership. The community features four buildings on four separate tax lots, allowing optional future sale of buildings individually. Two of the buildings each include 2 apartments + 2 studios, and two of the buildings each include 3 apartments + 3 studios, for a total of 20 rentable units. Townhome-style residences...Red Cedar Apartments -- offered at a 5.5% cap rate -- is a newly built, FULLY LEASED, 20-door multifamily asset in North Redmond designed for low-maintenance, ''set-it-and-forget-it'' ownership. The community features four buildings on four separate tax lots, allowing optional future sale of buildings individually. Two of the buildings each include 2 apartments + 2 studios, and two of the buildings each include 3 apartments + 3 studios, for a total of 20 rentable units. Townhome-style residences are paired with ground-level studios, appealing to multiple renter profiles. Fully leased and professionally managed, the property delivers consistent cash flow with tenants paying all utilities, lowering owner expenses. A modern, clean, new-construction investment offering durable income and flexibility.
  1. Listed by Johnny Taylor Champa • Brokerage DRE #201249302 • Cascade Hasson SIR
    P: (541)-668-1300 C: (541)-668-1300 johnny@champateam.com

Property Details for 1441 Northwest 4th Street

Architectural Style
Contemporary
Zoning Description
C1
LISTING UPDATED: 06/25/2026 10:40 AM

Property Details for 1441 Northwest 4th Street

StatusActive
MLS #220213493
Days on Market179
Taxes$53,547 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built2023
Lot Size0.69 AC / 30,056 SF
CountyDeschutes County

Location

Listing Courtesy of Cascade Hasson SIR
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Building Information for 1441 Northwest 4th Street

Stories-Residences20Year Built2023Building Size-Lot Size0.69 AC / 30,056 SF

Payment Calculator

$33,364 per month

30 year fixed, 6.36% Interest

Principal and Interest

$28,902

Property Taxes

$4,462

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1441 Northwest 4th Street

Summary
Location and General Information
  • Latitude: 44.289511
  • Longitude: -121.172331
Taxes and HOA
  • Additional Parcels Description: 122318, 285978, 285979
  • Additional Parcels: Yes
  • Association: No
  • Parcel Number: 122333
  • Tax Annual Amount: $53,547.00
  • Tax Lot: 1001, 1003, 601, 600
  • Tax Map Number: 151309AA
  • Tax Year: 2025
School Information
  • Elementary School: John Tuck Elem
  • High School: Redmond High
  • Middle Or Junior School: Elton Gregory Middle
Parking
  • Attached Garage: Yes
  • Garage: No
  • Parking Features: Asphalt, Attached, Garage Door Opener, Shared Driveway, Parking Lot, Garage
Property
Lot Information
  • Lot Size Acres: 0.69
  • Lot Size Area: 0.69
  • Lot Size Units: Acres
  • Lot Size Square Feet: 30056.4
Property and Assessments
  • Building Area Source: Assessor
  • Building Area Total: 18862.0
  • New Construction: No
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 2023
Building Features
  • Common Walls: 1 Common Wall, 2+ Common Walls
  • Construction Materials: Frame
  • Levels: Three Or More, Multi/Split
  • Roof: Composition
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Appliances: Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer, Water Heater
  • Cooling: Ceiling Fan(s), Ductless, Heat Pump
  • Has Cooling: Yes
  • Flooring: Vinyl
  • Heating: Ductless, Heat Pump
  • Has Heating: Yes
  • Interior Features: Ceiling Fan(s), Kitchen Island, Open Floorplan, Vaulted Ceiling(s)
  • Has Spa: No
  • Window Features: Double Pane Windows
Multi Family
Multi Family Information
  • Number Of Units Total: 20
Income & Expenses
  • Gross Income: $450,600
  • Net Operating Income: $318,798
  • Operating Expense: $131,802.00
  • Professional Management Expense: $32,105.00

Property History for 1441 Northwest 4th Street

DateEvent & SourcePriceAppreciation
Jun 25, 2026

Price Change

Oregon Data Share #220213493

$5,800,000
Feb 4, 2026

Price Change

Oregon Data Share #220213493

$6,050,000
Jan 7, 2026

Listed (Active)

Oregon Data Share #220213493

$6,300,000
DateEvent & SourcePrice
06/25/2026

Price Change

Oregon Data Share #220213493

$5,800,000
02/04/2026

Price Change

Oregon Data Share #220213493

$6,050,000
01/07/2026

Listed (Active)

Oregon Data Share #220213493

$6,300,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1441 Northwest 4th Street

Taxable ValueLand-Additions-Total-
Tax Record2025$16,615 ($1,385 / month)
Home Facts
Baths1Total Finished SqFt5,847 SqFtAbove Grade Finished SqFt5,847 SqFtStories1Lot Size7,841 SqFtStyleMulti-Family Res (5+ Units)Year Built2022CountyDESCHUTESAPN151309 AA 01001Fireplace TypeHas Fireplace

Schools near 1441 Northwest 4th Street

This home is within Redmond School District 2j.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
John Tuck Elementary School
PublicK to 5

Elton Gregory Middle School
Public6 to 8

Redmond High School
Public9 to 12

International School of the Cascades
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

1441 Northwest 4th Street is a multi-family home for sale in Redmond, OR 97756. This property was listed for sale on January 8, 2026 by Cascade Hasson SIR, it's currently listed at $5,800,000. It has been on the market for a total of 179 days and was last sold on March 11, 2020. This listing's school district is Redmond School District 2j. Nearby schools include John Tuck Elementary School, Elton Gregory Middle School and Redmond High School. 1441 Northwest 4th Street is a 4-bed, 8-bath, 18,862 sqft multi-family home built in 2023.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Cascade Hasson SIR

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